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If Parker Inc


If Parker Inc. just sold 8,000,000 shares in an IPO for $13.54 per share. If the underwriter took a 6% fee, and the company incurred $325,000 in legal and consulting costs. What net proceeds did the company receive?

Input your answer in millions, rounded to 2 decimal places, and do NOT enter any symbols such as $, comma or % (e.g. 15.25 not 15250000)

Please explain and show calculations thank youb

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